LHV Partners with Luminance to Transform Legal Operations

Luminance, the pioneer of Legal-Grade™ AI for enterprise,  today announced that leading Banking Services Provider, LHV, has adopted its technology to  streamline and enhance contract workflows. As the business continues to scale, the legal team  was facing growing volumes of agreements under tight deadlines. Manual review processes were  time-consuming and prone to bottlenecks, which led the team to adopt Luminance to improve both  accuracy and eGiciency across their legal workflows. 

“We’re excited about the future of AI in legal operations and believe tools like Luminance are  essential for forward-thinking institutions,” says Olivia Miller, trainee solicitor at LHV. “This  collaboration reflects our broader commitment to digital transformation and innovation across the  business.” 

Luminance enables LHV to approach legal work with far greater speed and confidence, from  reviewing contracts and highlighting key clauses to identifying potential risks in minutes. This  means the legal team can focus on higher-value strategic work rather than spending time on  repetitive low value or manual tasks. In turn, AI enables the business to scale operations without  proportionally increasing headcount or external counsel costs. 

LHV will be using Luminance to support the development of a streamlined ticketing system, a  centralized document repository, and a more eGicient contract review process. The platform will  be especially valuable in standardizing and accelerating the review of commonly used legal  documents, including client and vendor agreements, NDAs, and other routine contracts. This is  expected to cut review times by at least 50% for low-value, high-volume documents such as NDAs and reduce complex contract turnaround from days to under an hour. Beyond the significant time 

savings, improved accuracy helps to ensure consistency and significantly reduces legal risk. Luminance’s analytics capabilities will also enable the team to monitor contract termination and  renewal dates, ensure alignment with internal policies, and strengthen regulatory readiness. 

And it’s not just the legal team benefitting from Luminance. Faster negotiation means quicker client  onboarding for Relationship Managers, while Product teams experience fewer delays in the  contract negotiation process, enabling quicker deal closures with a range of suppliers and the executive team have clear visibility into the legal team’s activity across the organization, supporting  faster, more informed decision-making at the executive level.  

“We’re thrilled to welcome LHV into the Luminance family as they continue their impressive digital  transformation journey. This partnership underscores our shared vision of leveraging cutting-edge  AI to drive innovation and eHiciency across the legal sphere,” remarks Eleanor Lightbody, CEO of  Luminance.